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Vinge advises EQT X in connection with its investment in HVD Group and Next One Technology

December 20, 2023 M&A Banking and Finance Employment and Benefits Commercial Agreements Intellectual Property EU, Competition and Regulatory

Vinges advises the EQT X fund (or “EQT Private Equity”) in connection with its investment in the Nordic software companies HVD Group (Hantverksdata) and Next (Next One Technology). Both companies serve the tradespeople and construction industry, with HVD Group focused on installation and service professions – such as electricians, plumbers, heating and ventilation firms – while Next is focused on contractors. HVD Group’s platform complements that of Next, and the investment thus paves the way for a further strengthened product offering, which builds on both companies’ strong customer satisfaction scores.

EQT Private Equity will invest in HVD Group and Next together with the existing HVD Group shareholder Adelis, who will increase its investment in the new combined company.

Both transactions are expected to close in February 2024.

Vinge’s team consisted of Christina Kokko, Karl Klackenberg, Elsie Nassar, Amanda Steen, Maximilian Bengtsson and Jonatan Stentorp (M&A), Louise Brorsson Salomon and Jolinn Uhlin (Financing), Marcus Glader, Daniel Wendelsson, Sebastian Örndahl, David Olander and Adam Löfquist (Regulatory), Axel Lennartsson (IPR), Mathilda Persson, Jolene Reimerson, Lisa Hörnqvist and Mario Saad (IT / GDPR), Christoffer Nordin, Carl Lexenberg and Arthur Kinski (Agreements), Emil Lindwall and Victor Björkheim (Employment) and Emelie Schoning (Transaction Support Coordinator).

Read the client's press release

 

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